UTI Bank allots upper Tier II bonds under medium term note prog

New Delhi, Aug 11 (UNI) UTI Bank Ltd today said it has allotted bonds/notes having a nominal value of 100,000 dollars each, and thereafter in integral multiples of 1,000 dollars.

The above amount aggregates to a sum of Rs 15 crore to various international subscribers as the bank's upper tier II Bonds.

The bonds/notes, that were issued at coupon rate of 7.25 per cent and are listed on the Singapore Exchange from today, will mature tomorrow.

The board of directors of the bank had passed a resolution to this effect on August 8, 2006.

UNI RA DKS RS1815